Call reports 2001
STURGIS BANK & TRUST COMPANY — 2001
What STURGIS BANK & TRUST COMPANY reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 282,253,000 | 286,927,000 | 278,741,000 | 279,789,000 |
| Total loans | 224,882,000 | 222,556,000 | 221,900,000 | 224,829,000 |
| Allowance for loan losses | 822,000 | 959,000 | 1,066,000 | 1,300,000 |
| Securities available for sale | 3,000 | 17,076,000 | 2,156,000 | 260,000 |
| Securities held to maturity | 7,124,000 | 4,062,000 | 3,997,000 | 3,904,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 180,787,000 | 185,870,000 | 182,070,000 | 179,087,000 |
| Interest-bearing deposits | 169,006,000 | 172,213,000 | 168,696,000 | 168,275,000 |
| Noninterest-bearing deposits | 11,781,000 | 13,657,000 | 13,374,000 | 10,812,000 |
| Equity capital | 26,898,000 | 27,496,000 | 28,058,000 | 28,497,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 5,086,000 | 10,310,000 | 15,316,000 | 20,099,000 |
| Interest expense | 2,799,000 | 5,552,000 | 8,090,000 | 10,402,000 |
| Net interest income | 2,287,000 | 4,758,000 | 7,226,000 | 9,697,000 |
| Noninterest income | 830,000 | 1,921,000 | 3,017,000 | 4,238,000 |
| Noninterest expense | 2,196,000 | 4,394,000 | 6,645,000 | 8,788,000 |
| Provision for loan losses | 75,000 | 268,000 | 420,000 | 1,056,000 |
| Pretax income | 846,000 | 2,017,000 | 3,178,000 | 4,091,000 |
| Income tax | 277,000 | 664,000 | 1,046,000 | 1,303,000 |
| Net income | 569,000 | 1,353,000 | 2,132,000 | 2,788,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,268,000 | 21,996,000 | 22,691,000 | 23,259,000 |
| Total capital | 22,090,000 | 22,955,000 | 23,757,000 | 24,559,000 |
| Risk-weighted assets | 176,109,000 | 192,080,000 | 182,144,000 | 184,240,000 |